Sunday, 16 April 2017

"The rate hikes various Fed presidents think will happen are pure Fantasyland
material.
Huge equity and junk bond bubbles are in play. The Shiller 10-Year PE is 29.2.
The only higher numbers were 1929 and the dot-com bubble in 2000. The bursting
of these bubbles will be anything but an inflationary event.
Those looking for a steeper yield curve, might get it, but not the way they
expect. When recession does hit or the stock market collapses, the Fed will
be cutting rates, not raising them."

Friday, 14 April 2017

the Ftse250 chart looks very bullish which is something we should bear in mind before getting sucked too much into the current "fear" in the markets
I will admit I was quite surprised when I viewed this chart

My main conclusion is to be cautious on the downside,despite the bearish tone to markets on the close yesterday.Ftse100 has support just above 7200 and how it reacts there (assuming it is reached) will be important